You do not need to perform this step if starting the new account from July 1.
Ensure you have finalised the Year End and go directly to Completing the Conversion.
When you move to Mclowd's Income Tax screen, the calculated taxable income (if any) is displayed at A, and tax calculated at the rate shown in Applicable Tax Rate is displayed at field T1.
Check the values shown in all fields and amend if required.
At times during the Year End processing, Mclowd™may display a message telling you saved values differ from those calculated from data entered elsewhere:
You can expose the calculated value by hovering over a highlighted field, or click the RESET TO CALCULATED VALUES button to reset the entire form to calculated values automatically.
